EBK FINANCIAL ACCOUNTING THEORY AND ANA
12th Edition
ISBN: 9781119299646
Author: CATHEY
Publisher: JOHN WILEY+SONS,INC.-CONSIGNMENT
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Calculate the cost of goods sold
Given the solution and accounting question
Last year, Orion Systems had $420 million in sales and owned
$300 million in fixed assets, which were utilized at 70% of
capacity.
By how much (in millions) can Orion's sales increase before it
must increase its fixed assets?
a) $160.00
b) $180.00
c) $200.00
d) $220.00
e) $240.00
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